Digital Lifescapes

The overall business technology market experienced significant growth last year.  However, 2020 was a challenging year for edge Artificial Intelligence (AI) vendors. Both market demand and deployment have slowed due to the global COVID-19 pandemic. Compared to the cloud AI chipset market that experienced 68 percent year-on-year growth in 2020, the edge AI chipset market only grew by 1 percent during the same period. Regardless, the market is expected to bounce back. According to the latest worldwide market study by ABI Research, the edge AI chipset market will reach $28 billion in 2026, with a CAGR of 28.4 percent between 2021 and 2026. Edge Artificial Intelligence Market Development "The demand for edge AI is not going away anytime soon. Edge AI devices can process raw data locally, reducing the reliance on constant cloud connectivity. Consumers appreciate the enhanced user experience brought by low latency and data privacy," said Lian Jye Su, principal analyst at ABI Resear...

The global pandemic has accelerated the adoption of emerging technologies, including edge computing and TinyML. As more CIOs and CTOs seek ways to capture and process data at the edge of their enterprise IT network, the demand has fueled investment for Internet of Things (IoT) applications. According to the latest worldwide market study by ABI Research, the global edge Artificial Intelligence (AI), Software-as-a-Service (SaaS), and turnkey service market will grow at a CAGR of 46 percent between 2020 and 2025 to reach $7.2 billion. This is 25 percent of the global edge AI market, which is estimated to be $28 billion by 2025. The market is comprised of edge AI chipsets, SaaS, and turnkey services, as well as professional services. As the benefits of edge AI becomes more obvious, enterprises are searching for edge AI solutions that offer low latency and are fully secured to assist them with data-based analysis or decision-making. Edge Artificial Intelligence Market Development "The ...